And we think we will see two to 4 billion of free cash, which is an uptick from where we were a year ago. We also highlighted that that guidance incorporates what we are seeing in the wake of the coronavirus and the first quarter, but we did not take a view with respect to the rest of the year because what we do not know more than outweighs what we do know. What we do know relative to the first quarters we will see probably 500 million, 200 million to 300 million operating profit pressure because of the effects of the coronavirus, principally in the aviation into a lesser degree our health care business. David the scientists cannot tell us where this thing is going. We do not know. If you kept the basic structure for 2020, do you believe we can get through this . You think this will not have a lasting permanent effect on ges business or the economy overall . Larry what we do not know outweighs what we do know. This will be temporary. That does not mean it will disappear tomorrow. We di
Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth of deal. Now keep in mind, ge is one of four nonbank companies that have been given this systemically important financial rating. Others include aig, met life and prudential and met life is involvedn a legal battle with the fed having, of course, received a favorable ruling earlier this year by a judge who said tFederal Reserve or the government could not designate it as that. That means these companies are subject to Federal Reserve reover sight and enhanced capital rerooirmts. The fsoc voted to
For the whistle blower harmelin that your association is set up. We heard from the Veterans Affairs to rent again began. It is always things are fine. Curious, were you all hearing that from your association, from your about the secret waiting lists . And never heard that coming from your groups. Im curious about how this can happen. I just was looking through the article from may of 1970. Burst on the scene. No, heres his spirit and in this committee we have heard one of the spectrum folks inside. Talk a little bit about the budget question, but what you were hearing from members. All say as i mentioned in my oral statement, the one luxury is our side is that we conduct. We have Trained Medical staff to go in two centers and see whats going on. The and see firsthand where the shortages are. In the for nurses, social workers call what have you. The difference is we have an agreement and we worked those differences out to come to a resolution that will benefit veterans. This is all play
Leaders that can govern with an inclusive agenda are going to be able to pull the country together and guide the iraqi people through this crisis. The Current Situation today in iraq remains extremely, extremely serious. Isl remains in control of mosul and it is targeting all iraqis, sunni, shia, kurds, who disagree with its twisted version of a caliphate. It joined in an unholy alliance with the baath party and some former insurgent groups like the islamic army of iraq. Going forward, the iraqis with our support must seek to split the latter groups from isl and isolate isl from the hard core militant groups from the population. The platforms we have established through the Immediate Crisis Response are providing Additional Information to inform the president and National Security team as we develop openings to protect our interests in iraq. Any further decisions in this regard will be made in full consultation with this committee and the congress. Any efforts we take moreover must be
They have control of significant territory. They are tested in battle. They are a serious threat and while we dont assess right now that they are doing distinct homeland plotting certainly they are open about it that theyre coming for the United States. Mike strank is a defense official and a want that to faster. I want to do something about that. I thank you for that and i think you have done a good job of outlining the reason why this matters. Its not simply about iraq but about the United States. Could you briefly if i brought people in from florida or there watching. What are we doing . What are the two or three things we are doing to address this threat which he described as a significant one to our country . What is the plan . Steamy. We need to strangle their entire network. That means their foreign fighter in particular. We had a meeting yesterday with the turks to focus on that. We have to strangle their flow into syria number two we have to deny safe haven in syria which gets